Crowdfunding Specialistion | Healthcare and Medical Crowdfunding including Covid-19 causes |
Total Funds Raised* | Rs. 1500+ Crore Raised |
Fees | 0% Platform Fee |
Penalty Fee | None |
Fundraiser Approval | 2 Hours or Less (subject to availability of relevant documents) |
- Free Sign Up
- Fastest fundraising for medical causes
- Set a record in funds raised for SMA cases. Eg. Raised - Rs. 16 Crores in a single fundraiser within 40 days with the help of 2+ Lakh donors
- Only platform with tech innovative features like
a. Story Bot to create automated crowdfunding appeal
b. Instant Video Creator to make instant video appeal - Offers both Android and IOS app for real time fundraising updates
- Large social media base
- 24*7 customer service + relationship manager for crowdfunding assistance (subject to your plan)
- Extensive Donor Base
- 80G Tax benefits for donors
- Multilingual support - Tamil, Telugu, Hindi, Malayalam, etc. Read More
Crowdfunding Specialistion | Social causes and medical treatments |
Total Funds Raised* | Rs. 1400+ Crore raised |
Fees | 0% Platform Fees |
Penalty Fee | Unavailable on their website |
Fundraiser Approval | Unavailable on their website |
- Free Sign Up
- Lakhs of donations successfully accepted
- 80G Tax benefits
- Large social media base
Crowdfunding Specialistion | Creative Ideas - Films, Documentaries, Music |
Total Funds Raised* | Rs. 17+ Crore raised |
Fees | 2499 INR - 5,999 INR. Non Refundable Fee + 9.5% Commission + 2 - 4% Platform Fee |
Penalty Fee | None |
Fundraiser Approval | in 48 Hours |
- Most experienced platform for funding creative projects
- Slow website load time
- All or Nothing Policy (mandatory to raise the entire goal amount)
- Upfront costs during campaign set-up
- Email Marketing and Personal Consultation
- 60+ countries impacted (additional details haven’t been updated since 2016-2017)
- Data regarding language support not accessible Read More
Crowdfunding Specialistion | Social Causes |
Total Funds Raised* | Not easy to understand |
Fees | Not easy to understand |
Penalty Fee | None |
Fundraiser Approval | in 24 Hours |
- Free for NGOs
- Supports social impact and innovation projects
- Offers flexible goals and timelines
- Complicated pricing policies and packages
- 24*7 Customer Service
- 10 L+ Lives Impacted
- Social Media Support Read More
Crowdfunding Specialistion | Creative Causes including art, theatre and funding for startups and more |
Total Funds Raised* | Rs. 1100+ Crore raised |
Fees | 0% Platform Fees |
Penalty Fee | Unavailable on their website |
Fundraiser Approval | Unavailable on their website |
- Free Sign Up
- Known for its expertise in creative crowdfunding
- Does not accept international donations from non-indian citizens
- A dedicated smartboard with easy to manage tools to boost results
- Tax Benefits
- Large social media base Read More
Crowdfunding Specialistion | Social Causes including Covid-19 fundraising |
Total Funds Raised* | Rs. 900+ Crore raised |
Fees | 0% for personal and charity campaigns |
Penalty Fee | None |
Fundraiser Approval | Not mentioned on their website |
- Simple & User Friendly Setup
- Offers both Android and IOS app
- Charges a transaction fee on each donation received.
- Good Social Media Reach
- No tax benefit for Indian donors
- 24*7 Expert Advice Read More
Crowdfunding Platform | Crowdfunding Specialistion | Total Funds Raised* | Fees | Penalty Fee | Fundraiser Approval | Important to know |
---|---|---|---|---|---|---|
Healthcare and Medical Crowdfunding including Covid-19 causes | Rs. 1500+ Crore raised | 0% Platform Fee | None | 2 Hours or Less (subject to availability of relevant documents) |
| |
Social causes and medical treatments | Rs. 1400+ Crore raised | 0% Platform Fees | Unavailable on their website | Unavailable on their website |
| |
Creative Ideas - Films, Documentaries, Music | Rs. 17+ Crore raised | 2499 INR - 5,999 INR. Non Refundable Fee + 9.5% Commission + 2 - 4% Platform Fee | None | in 48 Hours |
| |
Creative Causes including art, theatre and funding for startups and more | Rs. 1100+ Crore raised | 0% Platform Fee | Unavailable on their website | Unavailable on their website |
| |
Social Causes | Not easy to understand | Not easy to understand | None | in 24 Hours |
| |
Social Causes including Covid-19 fundraising | Rs. 900+ Crore raised | 0% for personal and charity campaigns | None | Not mentioned on their website |
|
Feature wise comparison
Previously a concept popular in the west, crowdfunding is now becoming an increasingly sought-after choice in India for raising funds for medical, professional, personal, educational, creative causes/projects. If you are one of those in the process of getting to understand crowdfunding better, here’s how it works:
To Choose the Best Crowdfunding Platform
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The most recommended crowdfunding platform is ImpactGuru. The crowdfunding website is user friendly, specializes in healthcare and medical crowdfunding and offers the services of a relationship manager throughout your fundraising journey. With over Rs. 1500 Crore funds raised, ImpactGuru is the fastest growing crowdfunding platform today.
The second and third top platforms are Milaap and Ketto respectively. Milaap specializes in social as well as healthcare causes and has raised 1400+ crores in donations while Ketto’s specialty lies in creative causes such as theatre and innovation.
Creating a fundraiser has never been easier! There are 4 simple steps:
Step 1: Click on ‘Start A Fundraiser’ on your chosen Crowdfunding Platform
Step 2: Fill in the required details such as your Name, Phone Number and Email
Step 3: Add details about your fundraiser including the title, goal amount and why you want to raise funds. Make sure your fundraiser receives maximum attention from interested donors by adding pictures and videos to fully express your story.
Step 4: Once you receive your funds, you can withdraw them as per the policy of the selected crowdfunding platform
To get direct assistance with creating a fundraiser, you can call our helpline here.
Every crowdfunding platform you come across specializes in a particular category. These crowdfunding categories vary from healthcare and medical, personal and creative to start-up, technology and more. Therefore, in order to choose the right crowdfunding platform for you it’s important to determine the cause first.
Some other details that should be considered are their customer service, platform fees, payment methods and success stories. To browse and compare these details, you can look at our Specializations and Features Table above.
Funds disbursal is subject to individual policies of crowdfunding platforms. Some platforms allow requests for partial funds while others have a requirement for the fundraiser to end before any part of the entire amount can be withdrawn. Few platforms such as ImpactGuru accept requests for both - partial and complete withdrawal of funds by the beneficiaries.
Some other details that should be considered are their customer service, platform fees, payment methods and success stories. To browse and compare these details, you can look at our Specializations and Features Table above.
Different crowdfunding platforms have different policies regarding this. Platforms such as DreamWallets charge a certain percentage if the entire goal amount isn’t raised, while other platforms such as ImpactGuru and Crowdera have a more flexible model that allow the beneficiaries to keep what they raise and utilize it according to their needs. To make sure that all your requirements are met, it is important to choose a crowdfunding platform wisely. For more details on the same, refer to our FAQs and Specializations and Features Table.
It is getting easier and quicker to access and employ the features of crowdfunding platforms with the introduction of storybots, assigned crowdfunding experts and user-friendly tools. If you are relatively new to crowdfunding, you can choose crowdfunding platforms that offer 24*7 customer service and personal assistance to further simplify the fundraising process.
Crowdfunding platforms such as Milaap, Ketto and ImpactGuru are known to be intuitive and used by people across various age groups and sections of society. Platforms such as ImpactGuru also offer real time donation updates on their Android and iOS Mobile App.
To know more about the same, visit: how-crowdfunding-works
The amount of time taken to raise your goal amount depends upon several factors, namely - the crowdfunding platform you have chosen, your goal amount, the visuals you have uploaded and the strategy that you have opted for. Your fundraiser’s success depends heavily on a) being able to reach prospective donors and b) for these donors to be able to connect with and understand your story.
